“Financial Audit means ‘Audit of Financial statements’ which includes the Balance sheet, Income statement, statement of cash flow, statement of change in equity and notes to the accounts.”
Types of Financial Audit
There are three types of Financial Audit:
- Organizational structure Base Audit
- Specific Audit
- Time-based Audit
Time-Based Audit further classified into three categories:
- Continuous Audit
- Final Audit
- Interim Audit
What is Financial Audit? How many types of Financial Audit?
“Financial Audit means ‘Audit of Financial statements’ which includes the Balance sheet, Income statement, statement of cash flow, statement of change in equity and notes to the accounts.”
Types of Financial Audit
There are three types of Financial Audit:
Time-Based Audit further classified into three categories: